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7851 185th Street

Barclays Provides $22.3M Loan For Office Acquisition By Joe Napoli In Tinley Park
FINANCEDOffice

Barclays Provides $22.3M Loan For Office Acquisition By Joe Napoli In Tinley Park

7851 185th Street & 18660 Graphics Drive

$6,050,000

$94/SF

Building Size

64,290 SF

Asset Type

Office

Closing

Jan 8, 2026

AI

The asset involved in this transaction is an office space located at 7851 185th Street & 18660 Graphics Drive in Tinley Park. The property encompasses a total square footage of 32,145 and the acquisition loan associated with it amounts to $22,300,000 for a duration of 5 years.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $22,300,000
  • Lender: Barclays
  • Landlord: Joe Napoli
  • Broker: Anthony Longo - Alpha Capital

This transaction features notable individuals and firms, with Joe Napoli representing the landlord and Anthony Longo serving as the broker from Alpha Capital, overseeing the acquisition for the specified loan terms.

Players

Anthony Longo

Alpha Capital

Broker

$954.8M

vol

32 deals

Broker

Tinley Park Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.62%

Cash-on-Cash

-0.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93